The BoC and the Fed both cut rates this week, signalling more easing ahead. Housing troubles persist. Federal budget gets delayed. China coal consumption hits record highs. IEA revises oil demand higher.

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Rate cuts coming next week in Canada and the US. Labour markets weakening. Backlash grows against temporary foreign workers. US inflation softens. No oil pipelines make the list for national projects of importance.

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Canada GDP contracts in Q2. Population growth slows to zero in BC & Ontario. Foreign workers face political backlash. Gold surges to new highs amidst looming rate cuts. Concerns mounting over the sovereign debt crisis.

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